Trading Fees Coming in 2018
Portfolios with Purpose is excited to announce the introduction of trading fees to all Novice, Professional, and Master class competitions starting in January of 2018. Adding yet another realistic element to the competition, each individual trade now has a greater potential to make an enormous global impact in communities big and small.
Here's how it works. Users will enjoy unlimited trading for the first month of the competition. There will be no additional donation required to execute a trade, and there are no limits on how often a user can trade during this initial trading window.
Following the close of the trading window, users can continue to trade, but at an added cost.
After the close of the trading window, trades will cost:
$0 donation per trade for students (unlimited trading, no fees)
$10 donation per trade for Novice Class participants
$50 donation per trade for Professional Class participants
$500 donation per trade for Master Class participants
Each “buy” or “sell” order is considered its own trade, so a Novice Class participant selling 1,000 shares of MSFT and then buying 500 shares of NFLX would be executing two separate trades, contributing a total of $20 to the general donation pot. As always, 100% of the proceeds enter the general donation pot that is distributed to the winning charities at the end of the contest. The great part is that with this change, we expect exponentially larger amounts to be passed on from each competition, creating a true and lasting impact.
Ultimately, this evolution of the PwP gameplay is engineered to pass on even greater amounts of funding to charities making a difference. We hope you’ll continue to join us as we “Invest in Giving,” uniting every person who wants to give with every charity that has a need.